Flash News

TREE NEWS reports: The onshore yuan closed at 6.6953 per dollar at 03:00 Beijing time, up 31 pips from Friday’s night session close. Trading volume for the session was $31.199 billion. The move marks a modest strengthening of the Chinese currency against the dollar.

TREE NEWS reports: The Hang Seng Index’s main night session closed up 0.30% at 25,118 points. The Hang Seng Tech Index night session closed up 0.45% at 4,448 points.

TREE NEWS update: Iranian President Masoud Pezeshkian met Pakistan’s Interior Minister Mohsin Naqvi in Tehran on the 21st, saying the two countries can meet their needs by leveraging regional potential. Pezeshkian said Iran hopes bilateral cooperation continues with stronger momentum across all fields, and argued US pressure has paved the way for greater regional integration. Naqvi said Pakistan is determined to expand ties in trade, economy, tourism, politics, culture and science.

TREE NEWS reports: WTI October crude futures settled down $4.52, or more than 4.50%, at $95.78 a barrel, approaching the September 8 close of $93.03 after touching $106.75 on September 15. Middle East Abu Dhabi Murban crude fell 5.70% to $111.20 a barrel. NYMEX October natural gas settled at $2.8360 per million British thermal units, with gasoline at $3.4699 a gallon and heating oil at $4.8895 a gallon.

TREE NEWS reports: Shanghai crude oil futures for the 2611 contract closed the night session down 2.27% at 714.30 yuan per barrel. Shanghai gold futures fell 0.39% and Shanghai silver dropped 0.70% in the same session.

TREE NEWS update: Fairshake, the crypto super PAC, is committing $30 million to an advertising campaign against Sherrod Brown in Ohio, its largest commitment of the 2026 cycle. The move follows a failed 49-50 cloture vote on the CLARITY Act. Brown could return to the top Democratic post on the Senate Banking Committee.

TREE NEWS update: Paramount Skydance CEO David Ellison said the company’s merger with Warner Bros. Discovery has completed regulatory approval. Ellison announced the clearance but gave no further details on closing timing or terms. The deal combines Paramount Skydance with Warner Bros. Discovery.

TREE NEWS update: St. Louis Fed President Alberto Musalem said interest rates may need to rise further to curb inflation driven by both demand and supply, adding that hikes are best done early and gradually rather than later and larger. He said inflation could still run well above the 2% target in 18 months without further policy restriction, and remains too high at 3% even excluding supply factors. Commodity shocks extend beyond oil to base metals such as copper, while the labor market is stable near full employment and is not a source of inflation pressure.

TREE NEWS update: The U.S. Federal Aviation Administration lifted a ground stop on flights at New York’s LaGuardia Airport. The regulator announced the removal of the restriction, allowing departures and arrivals to resume at the Queens airport. No reason for the initial ground stop or the duration of the disruption was given in the available material.

TREE NEWS update: Brazilian President Luiz Inácio Lula da Silva said Brazil will have to adopt reciprocal countermeasures if it cannot reach a trade agreement with the United States. Lula framed the response as contingent on the failure of negotiations between the two countries.

TREE NEWS reports: The UK is close to agreeing to support Saudi Arabia’s military operations against the Houthis, with Prime Minister Burnham leaning toward providing what London deems defensive assistance. The UK may offer aerial refueling support and will lobby other nations to take similar steps. Burnham’s government believes aiding Saudi forces and repelling the Houthis would help stabilize the region and reduce threats to vessels in the Strait of Malacca.

TREE NEWS update: EU member states agreed on the 21st to extend sanctions on Russia for three years, covering more than 3,000 Russian individuals and entities for a further 36 months. Two Russian entrepreneurs were removed from the sanctions list. The 36-month extension is notably longer than the usual 6- or 12-month renewals, a move aimed at preventing future deadlocks over reauthorization among member states.

TREE NEWS update: US President Donald Trump will meet with the leaders of Denmark and Greenland on Tuesday. No further details on the agenda, location or participants were provided. The meeting brings the US president together with the Danish and Greenlandic leadership.

TREE NEWS update: The US Federal Aviation Administration extended the ground stop at Newark Airport until 2:45 PM Eastern Time, the agency said. The extension keeps flights grounded at the New York-area hub beyond the previously scheduled resumption time. No reason for the extension was given in the notice.

TREE NEWS update: A power outage in Philadelphia has grounded flights at major airports in the New York area, the head of the U.S. Federal Aviation Administration said. The FAA administrator attributed the halt to the outage in the Pennsylvania city, which disrupted operations across one of the busiest air corridors in the United States.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility saw usage of $582 million on Monday, September 21, across 15 counterparties. The prior trading day’s usage was $576 million. The figures reflect demand at the Fed’s RRP window, a key short-term liquidity tool.

TREE NEWS update: Hungarian Prime Minister Peter Magyar said Hungary will not build a joint strategic fuel reserve with Ukraine, rejecting media reports to the contrary. Magyar also said Hungarian oil companies kept him in the dark on the related project, calling that “unacceptable.”

TREE NEWS update: Chinese Vice Premier He Lifeng is leading a delegation to the US from Sept 19 to 23, with the first round of high-level trade talks held on the morning of Sept 20 at JPMorgan’s New York headquarters, led on the US side by Treasury Secretary Bessent and Trade Representative Greer. Washington has confirmed a White House state dinner for China’s leader on Sept 24. Talks cover AI export controls, the tariff truce expiring Nov 10, and rare earth supply chains.

TREE NEWS reports: North Dakota produced 1.156641 million barrels of crude oil per day in July. The figure marks the monthly average output for the state, a key U.S. shale oil producer. No further details were provided.